Israel’s shares are on their way to bring about the fifth consecutive day as the country strengthens its military campaign in Gaza, which arose the concern of investors who hoped to end the war. The Tel Aviv 35 (Ta -35) index of up to 2.3% Tuesday has registered the largest losses in the world for a short time before the decline dropped to 0.3%. The pressure on the sale came despite the expansion of the wave of the rise of the global shares for the tenth day in a row, with the support of expectations for facilitating the monetary policy by the US Federal Reserve. Israel’s war aggravates the pressure on the economy, investors and business leaders warn of the high economic costs, while Israel launches a new attack on Gaza City, at a time when photos of broad destruction are criticized even from friendly countries of Tel Aviv. Prime Minister Benjamin Netanyahu has acknowledged that his country is increasing isolation and promises to make it self -sufficient to face any sanctions. Netanyahu: Israel must adapt its economy to international isolation, Hassanein Malik, the strategy of “Tellimer” in Dubai: “The pressure of continuous wars on all fronts on growth, migration of powers, the decline of international relations, and the increase in internal political polarization – in order without promoting the prices of Israeli assets. “Tuesday losses included different sectors as the shares of 18 of the 35 companies listed on the standard index fell. The price of the shares of the “Teva Pharmaceutical Industries” and the “Mizrahi Tefahot Bank” bank is the biggest decline. Before the last wave of decline, Israeli shares were one of the best achievement in the world this year, as the “Tel Aviv 35” index rose by 26% until September 9. The moral was also influenced by economic data that showed the decrease in the average annual GDP in the second quarter by 4%, according to the central statistical office. The growing fear of the recession became more careful about the ongoing conflict and called for a strategy change. The ‘Israeli Business Forum’, which includes the heads of the largest businesses in the country, said Netanyahu is pushing Israel to a dangerous and unprecedented economic and political recession. The economy of the Israeli War threatens growth and is not limited to prices. The forum added in a statement: “The government must function urgently to end the longest war in the history of Israel, secure the release of all hostages and a date for the election.” Technical indicators showed that the previous profits were exaggerated. The relative power index, an indication of momentum, trades near a level that is usually seen as a saturated market. The approach and divergence index were also witness to a falling intersection. As for the other Israeli origin, they were mixed as the soul exchange rate rose, while the sovereign effects condemned in the dollar were resolved without a significant change.
The Israeli Stock Exchange decreases for the fifth day with the increase in military operations in Gaza
